Selma, MI Cost of Living


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Selma cost of living score
76.7
Less expensive
23.3% lower
than the US average
16.2% lower
than the Michigan average
Selma, Michigan gets a BestPlaces Cost of Living score of 76.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.3% lower than the U.S. average and 16.2% higher than the average for Michigan.

Selma, MI

Housing costs in Selma?
A typical home costs $205,700, which is 39.2% less expensive than the national average of $338,100 and 5.9% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Selma costs $870 per month, which is 39.2% more than the national average of $1,430 and 26.4% more than the state average of $1,100.

Can I afford Selma?
To live comfortably in Selma, Michigan, a minimum annual income of $39,240 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Selma?
Selma, MI is an affordable and desirable place to live due to its low cost of living. The average costs of housing, groceries, health care, transportation, utilities and miscellaneous goods and services are all well below the national averages for similar areas in the United States. Additionally, taxes are relatively low in Selma and the area offers a much lower cost of living than other cities in Michigan. As a result, many families have chosen to make Selma their home and enjoy its small-town charm while taking advantage of the excellent value it offers for budget-minded individuals.
   Cost of living score
     CategoriesSelmaMichiganUnited States
  76.791.5100.0
  91.293.4100
  85.384.8100.0
  48.771.2100.0
  $205,700$218,700$338,100
  98.3%100.1%100.0%
  86.1115.1100.0
  81.295.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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